Hub Group, Inc. Announces Change of 401(k) Plan Auditor
DOWNERS GROVE, Ill., May 23, 2005 /PRNewswire-FirstCall via COMTEX/ -- Hub Group, Inc. (Nasdaq: HUBG) announced today that it has replaced the independent auditors of the Hub Group Employee Profit Sharing and Trust Plan (the "Plan").
On February 8, 2005, the Plan retained Crowe Chizek and Company LLC as its new independent auditors for the Plan, replacing Grant Thornton LLP. Crowe Chizek and Company LLC will audit the financial statements of the Plan beginning with its fiscal year ended December 31, 2004.
The Company has not changed its principal accountant to audit the Hub Group, Inc. financial statements. The Company has again retained Ernst & Young, LLP to audit its 2005 financial statements. The change in auditors described above relates only to the audit of the Plan. The Plan is a 401(k) plan qualified under Section 401(a) of the Internal Revenue Code of 1986, as amended.
The Company will file a Current Report on Form 8-K with the Securities and Exchange Commission describing this change in Plan auditors.
ABOUT HUB GROUP: Hub Group, Inc. is a leading non-asset based freight transportation management company providing comprehensive intermodal, truckload brokerage and logistics and distribution services. The Company operates through a network of over 30 offices throughout the United States, Canada and Mexico.
CERTAIN FORWARD-LOOKING STATEMENTS: Statements in this press release that are not historical, including statements about Hub Group's or management's intentions, beliefs, expectations, representations, projections, plans or predictions of the future, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently uncertain and subject to risks. Such statements should be viewed with caution. Actual results or experience could differ materially from the forward-looking statements as a result of many factors. Factors that could cause actual results to differ materially include the factors listed from time to time in Hub Group's SEC reports including, but not limited to, the annual report on Form 10-K for the year ended December 31, 2004 and the report on Form 10-Q for the period ended March 31, 2005. Hub Group assumes no liability to update any such forward-looking statements.
SOURCE Hub Group, Inc.
Amy Lisek of Hub Group, Inc., +1-630-795-2214
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